Segment and Quarterly Overview
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
Performance Materials |
|
Solutions & Specialties |
|
Others/ |
|
Covestro Group |
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
4th quarter 2021 |
|
4th quarter 2022 |
|
4th quarter 2021 |
|
4th quarter 2022 |
|
4th quarter 2021 |
|
4th quarter 2022 |
|
4th quarter 2021 |
|
4th quarter 2022 |
||||||||||
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
||||||||||
Sales (external) |
|
2,259 |
|
1,916 |
|
2,005 |
|
1,975 |
|
74 |
|
73 |
|
4,338 |
|
3,964 |
||||||||||
Intersegment sales1 |
|
696 |
|
644 |
|
8 |
|
7 |
|
(704) |
|
(651) |
|
– |
|
– |
||||||||||
Sales (total) |
|
2,955 |
|
2,560 |
|
2,013 |
|
1,982 |
|
(630) |
|
(578) |
|
4,338 |
|
3,964 |
||||||||||
Change in sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Volume |
|
0.5% |
|
–17.5% |
|
–3.4% |
|
–8.9% |
|
75.3% |
|
–3.3% |
|
–0.2% |
|
–13.2% |
||||||||||
Price |
|
37.6% |
|
–1.3% |
|
25.6% |
|
3.3% |
|
0.0% |
|
0.0% |
|
31.6% |
|
0.8% |
||||||||||
Currency |
|
3.6% |
|
3.6% |
|
4.1% |
|
4.1% |
|
0.9% |
|
1.9% |
|
3.8% |
|
3.8% |
||||||||||
Portfolio |
|
0.0% |
|
0.0% |
|
19.9% |
|
0.0% |
|
0.0% |
|
0.0% |
|
9.1% |
|
0.0% |
||||||||||
Sales by region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
EMLA |
|
1,039 |
|
785 |
|
722 |
|
676 |
|
61 |
|
57 |
|
1,822 |
|
1,518 |
||||||||||
NA |
|
582 |
|
516 |
|
457 |
|
533 |
|
10 |
|
13 |
|
1,049 |
|
1,062 |
||||||||||
APAC |
|
638 |
|
615 |
|
826 |
|
766 |
|
3 |
|
3 |
|
1,467 |
|
1,384 |
||||||||||
EBITDA2 |
|
590 |
|
(89) |
|
112 |
|
108 |
|
(39) |
|
(57) |
|
663 |
|
(38) |
||||||||||
EBIT2 |
|
445 |
|
(600) |
|
41 |
|
(37) |
|
(41) |
|
(58) |
|
445 |
|
(695) |
||||||||||
Depreciation, amortization, impairment losses and impairment loss reversals |
|
145 |
|
511 |
|
71 |
|
145 |
|
2 |
|
1 |
|
218 |
|
657 |
||||||||||
Cash flows from operating activities3 |
|
665 |
|
563 |
|
175 |
|
514 |
|
(192) |
|
(238) |
|
648 |
|
839 |
||||||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
168 |
|
187 |
|
122 |
|
99 |
|
2 |
|
3 |
|
292 |
|
289 |
||||||||||
Free operating cash flow3 |
|
497 |
|
376 |
|
53 |
|
415 |
|
(194) |
|
(241) |
|
356 |
|
550 |
||||||||||
Trade working capital4 |
|
1,392 |
|
1,135 |
|
1,560 |
|
1,592 |
|
– |
|
(21) |
|
2,952 |
|
2,706 |
||||||||||
|
||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
Performance Materials |
|
Solutions & Specialties |
|
Others/ |
|
Covestro Group |
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
2022 |
||||||||||
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
||||||||||
Sales (external) |
|
8,142 |
|
9,095 |
|
7,554 |
|
8,558 |
|
207 |
|
315 |
|
15,903 |
|
17,968 |
||||||||||
Intersegment sales1 |
|
2,608 |
|
2,967 |
|
27 |
|
35 |
|
(2,635) |
|
(3,002) |
|
– |
|
– |
||||||||||
Sales (total) |
|
10,750 |
|
12,062 |
|
7,581 |
|
8,593 |
|
(2,428) |
|
(2,687) |
|
15,903 |
|
17,968 |
||||||||||
Change in sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Volume |
|
1.6% |
|
–5.0% |
|
11.8% |
|
–6.3% |
|
17.0% |
|
49.1% |
|
6.5% |
|
–5.0% |
||||||||||
Price |
|
48.1% |
|
10.9% |
|
21.3% |
|
9.4% |
|
0.0% |
|
0.0% |
|
34.7% |
|
10.1% |
||||||||||
Currency |
|
–0.8% |
|
5.8% |
|
–0.9% |
|
6.0% |
|
–0.7% |
|
3.1% |
|
–0.8% |
|
5.9% |
||||||||||
Portfolio |
|
0.0% |
|
0.0% |
|
17.1% |
|
4.2% |
|
0.0% |
|
0.0% |
|
8.1% |
|
2.0% |
||||||||||
Sales by region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
EMLA |
|
3,878 |
|
4,152 |
|
2,835 |
|
3,198 |
|
163 |
|
250 |
|
6,876 |
|
7,600 |
||||||||||
NA |
|
1,926 |
|
2,447 |
|
1,594 |
|
2,140 |
|
33 |
|
52 |
|
3,553 |
|
4,639 |
||||||||||
APAC |
|
2,338 |
|
2,496 |
|
3,125 |
|
3,220 |
|
11 |
|
13 |
|
5,474 |
|
5,729 |
||||||||||
EBITDA2 |
|
2,572 |
|
951 |
|
751 |
|
825 |
|
(238) |
|
(159) |
|
3,085 |
|
1,617 |
||||||||||
EBIT2 |
|
2,003 |
|
(28) |
|
503 |
|
461 |
|
(244) |
|
(166) |
|
2,262 |
|
267 |
||||||||||
Depreciation, amortization, impairment losses and impairment loss reversals |
|
569 |
|
979 |
|
248 |
|
364 |
|
6 |
|
7 |
|
823 |
|
1,350 |
||||||||||
Cash flows from operating activities3 |
|
1,875 |
|
1,091 |
|
418 |
|
472 |
|
(100) |
|
(593) |
|
2,193 |
|
970 |
||||||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
488 |
|
547 |
|
273 |
|
277 |
|
3 |
|
8 |
|
764 |
|
832 |
||||||||||
Free operating cash flow3 |
|
1,387 |
|
544 |
|
145 |
|
195 |
|
(103) |
|
(601) |
|
1,429 |
|
138 |
||||||||||
Trade working capital4 |
|
1,392 |
|
1,135 |
|
1,560 |
|
1,592 |
|
– |
|
(21) |
|
2,952 |
|
2,706 |
||||||||||
|
||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
1st quarter |
|
2nd quarter |
|
3rd quarter |
|
4th quarter |
|
1st quarter |
|
2nd quarter |
|
3rd quarter |
|
4th quarter |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
||||||
Sales (external) |
|
3,307 |
|
3,956 |
|
4,302 |
|
4,338 |
|
4,683 |
|
4,703 |
|
4,618 |
|
3,964 |
||||||
Performance Materials |
|
1,740 |
|
1,957 |
|
2,186 |
|
2,259 |
|
2,388 |
|
2,461 |
|
2,330 |
|
1,916 |
||||||
Solutions & Specialties |
|
1,529 |
|
1,951 |
|
2,069 |
|
2,005 |
|
2,222 |
|
2,165 |
|
2,196 |
|
1,975 |
||||||
EBITDA |
|
743 |
|
817 |
|
862 |
|
663 |
|
806 |
|
547 |
|
302 |
|
(38) |
||||||
Performance Materials1 |
|
630 |
|
644 |
|
708 |
|
590 |
|
620 |
|
367 |
|
53 |
|
(89) |
||||||
Solutions & Specialties1 |
|
181 |
|
237 |
|
221 |
|
112 |
|
224 |
|
213 |
|
280 |
|
108 |
||||||
EBIT |
|
556 |
|
607 |
|
654 |
|
445 |
|
589 |
|
307 |
|
66 |
|
(695) |
||||||
Performance Materials1 |
|
489 |
|
502 |
|
567 |
|
445 |
|
475 |
|
204 |
|
(107) |
|
(600) |
||||||
Solutions & Specialties1 |
|
138 |
|
170 |
|
154 |
|
41 |
|
152 |
|
139 |
|
207 |
|
(37) |
||||||
Financial result |
|
(29) |
|
(18) |
|
(20) |
|
(10) |
|
(28) |
|
(44) |
|
(40) |
|
(25) |
||||||
Income before income taxes |
|
527 |
|
589 |
|
634 |
|
435 |
|
561 |
|
263 |
|
26 |
|
(720) |
||||||
Income after taxes |
|
395 |
|
450 |
|
473 |
|
301 |
|
417 |
|
198 |
|
11 |
|
(907) |
||||||
Net income |
|
393 |
|
449 |
|
472 |
|
302 |
|
416 |
|
199 |
|
12 |
|
(899) |
||||||
Cash flows from operating activities2 |
|
428 |
|
553 |
|
564 |
|
648 |
|
157 |
|
(272) |
|
246 |
|
839 |
||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
110 |
|
179 |
|
183 |
|
292 |
|
140 |
|
190 |
|
213 |
|
289 |
||||||
Free operating cash flow2 |
|
318 |
|
374 |
|
381 |
|
356 |
|
17 |
|
(462) |
|
33 |
|
550 |
||||||
|
||||||||||||||||||||||